Huddlestock Fintech admitted to trading

This page is available in multiple languages

Select Language

Oslo, 26 November 2020 – Huddlestock Fintech has today been admitted to trading on Merkur Market (ticker code: HUDL-ME).

Huddlestock Fintech offers two main products: a digital solution for custody banks and a trading connectivity solution for service providers. “The markets for digitalization of the wealth management industry is growing rapidly. Our connectivity solution has the potential to disrupt the market for asset management products and securities trading,” said John E. Skajem, CEO in Huddlestock Fintech in a press release.

Recently, Huddlestock Fintech raised NOK 6.2 million through a private placement. “Being listed on Merkur Market will be a driver for growing the company, as well as an opportunity for investors to take part in the exciting and rapidly growing market,” said Øyvind Hovland, Chair of the Board and co-founder of Huddlestock Fintech.

The shares in the new issue were sold at NOK 2.10 per share, corresponding to an equity value of NOK 230 million.

Merkur Market will be renamed Euronext Growth 30 November as part of the transition to Euronext’s trading platform Optiq.

About Huddlestock Fintech Huddlestock Fintech is a WealthTech company that develops unique Software as a Service solutions for digitizing work processes for custody banks, asset managers and retail trading venues. The open, compliance optimized and data centric-platform allows our customers to offer a differentiated real-time product that reduces cost and increases efficiency. For more information please visit www.huddlestock.com

Press Release Footer

About Euronext
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With more than 1,900 listed issuers and around €7.1 trillion in market capitalisation as of end March 2024, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.
For the latest news, follow us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

_{Disclaimer

This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.}

_{This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.}